Citigroup Inc. (NYSE:C) Shares Bought by Columbus Macro LLC

Columbus Macro LLC raised its position in Citigroup Inc. (NYSE:C) by 52.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,128 shares of the company’s stock after purchasing an additional 16,530 shares during the quarter. Columbus Macro LLC’s holdings in Citigroup were worth $3,388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB acquired a new position in Citigroup in the third quarter valued at about $4,607,000. Czech National Bank raised its stake in shares of Citigroup by 6.9% during the third quarter. Czech National Bank now owns 388,638 shares of the company’s stock valued at $24,329,000 after acquiring an additional 25,158 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Citigroup by 15.3% during the 3rd quarter. GAMMA Investing LLC now owns 27,073 shares of the company’s stock worth $1,695,000 after purchasing an additional 3,601 shares in the last quarter. Herbst Group LLC boosted its position in shares of Citigroup by 16.4% during the third quarter. Herbst Group LLC now owns 18,856 shares of the company’s stock valued at $1,180,000 after buying an additional 2,655 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in Citigroup by 1.8% in the 3rd quarter. Fulton Bank N.A. now owns 14,242 shares of the company’s stock valued at $892,000 after purchasing an additional 258 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Down 2.3 %

Shares of C stock opened at $79.59 on Tuesday. Citigroup Inc. has a 12 month low of $52.24 and a 12 month high of $82.77. The company has a market cap of $150.52 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average is $73.85 and its two-hundred day moving average is $66.73.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts predict that Citigroup Inc. will post 7.51 EPS for the current year.

Citigroup announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be given a dividend of $0.56 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.81%. Citigroup’s payout ratio is presently 37.65%.

Analyst Upgrades and Downgrades

Several research firms recently commented on C. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $70.00 to $95.00 in a report on Monday, January 6th. Bank of America upped their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods increased their price target on Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Truist Financial started coverage on Citigroup in a research report on Tuesday, January 7th. They set a “buy” rating and a $85.00 price objective for the company. Finally, Evercore ISI raised their price objective on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.93.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.